Tesla files lawsuit against California county over plant shutdown

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Tesla remains opposed to Alameda County’s lockdown as it affects its facility Tesla has filed a federal lawsuit Saturday against Alameda County in California challenging its shutdown of the company’s main factory as a part of lockdown implemented for controlling the spread of the coronavirus. The lawsuit seeks to overturn the county’s May 4 health […]

Tesla reportedly halts car production at Chinese plant

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Tesla has halted production this week at its factory near Shanghai, Bloomberg reported.  Factory workers were supposed to get back from a five-day Labor Day break on Wednesday, but were told to increase the holiday and return as soon as Saturday, Bloomberg reported, mentioning unnamed sources.  The company informed Bloomberg that its Shanghai factory is closed due […]

Tesla’s market value falls significantly after controversial tweet by Elon Musk

Elon Musk

A sort of bloodbath has been observed for Tesla stock as billions of dollars were just got wiped off after its CEO Elon Musk tweeted that the automaker’s stock was “too high”. Tesla stock declined over 10 percent and its valuation declined by almost $9 billion after Musk’s tweets in reminiscence of his controversial tweets in August 2018 when […]

Tesla posts its third quarterly profit, Elon Musk calls lockdowns ‘fascist’

Elon Musk

Tesla Inc’s CEO Elon Musk on Wednesday called sweeping U.S. stay-at-home restrictions imposed for reducing the spread of the coronavirus outbreak as “fascist” as the electric automaker posted its third quarterly profit in a row. These comments might have overshadowed an otherwise successful quarter that took many investors by surprise as automaker’s rivals have been […]

Tesla cancels plans to bring workers back to the US plant for now

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Tesla has reversed course and canceled requests to bring employees back to production lines in Fremont, California, this week. According to CNBC, Tesla asked dozens of furloughed workers last Friday, and during the weekend, to return on Wednesday, April 29 to resume production in Fremont. According to the new sent Monday and distributed on some internal […]

Tesla’s ventilators attract controversy after hospitals say they are not ventilators

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Contrary to Tesla CEO and Founder Elon Musk’s claim the company had delivered more than 1,000 ventilators to hospitals in California to help treat COVID-19 coronavirus patients, some of these facilities informed that what they received were not really the highly sought-after machines. Musk showed a list of hospitals to which the company sent the “ventilators”. But four of the […]